ZipRealty Inc. shares sank on Friday to their lowest level since the company went public last year, weighed by a bearish broker call a day after it reported earnings that missed its own estimate and forecast current-quarter results well below Wall Street's target.
Shares of ZipRealty, an online residential brokerage firm that claims to cut home buying and selling costs, slid $4.74, or 36 percent, to $8.43 in afternoon trading on the Nasdaq, where it was the biggest percentage loser. Shares of the company, went public in November last year at a price of $13 per share, earlier traded as low as $7.75.
November 05, 2005
ZipRealty Shares Off on Missed 3Q Outlook
Subscribe to:
Post Comments (Atom)
2 comments:
Hey, great blogsite you have here! Interesting information, come and visit mine sometime online forex trading course
I wonder why my broker never talks about forex trading training.
Post a Comment